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Loan Details
Your Loan Terms
- Interest Rate (APR)
- Fixed 1.00%
- Loan Term
- 12 months
- Repayment Schedule
- Monthly ACH
- Type of Loan
- Closed-end installment
- Loan Amount Range
- $380 – $1,385
- Prepayment Penalty
- None
Fees, Late Charges, and Default Terms
- Late fee: $5.00 or 5% of the unpaid installment (whichever is less), charged on the 16th day if payment isn't received within 15 calendar days of the due date. Limited to one late fee per missed payment.
- 90+ days past due = default. You'll have 30 days to cure.
- 120+ days past due = accelerated; full balance due within 30 days of notice. APR remains 1% throughout.
- Monthly payment activity will be reported to Equifax.
Loans may only be used for the listed application types. Applications not listed are not currently eligible — the list may be updated as OPA expands.